In Focus

Koufu Group's profit drops 64.3% in FY 2020

The company remains confident in its “resilient” business model.

Singaporeans more reliant on food delivery services, survey reveals

About 7 out of 10 people say ordering from their favourite restaurant during COVID-19 has contributed to their mental health.

Jollibee eyes 100 new PHO24 stores

The announcement was made amidst a revenue drought brought about by the coronavirus pandemic.

Tealive's parent company wants to be the region's largest drink operator, CEO says

Bryan Loo talks to QSR Media about the bubble tea’s ‘virtual drive-thrus’, his long-term vision for the stores and planned acquisitions.

McDonald's to invest US$380m in Chinese coffee market, eyes 4,000 McCafé outlets by 2023

It currently operates more than 3,600 restaurants across the country.

Yum China confirms Hong Kong listing

Earlier reports say the company could raise around US$2 billion.

Koufu Group inks franchising deal to expand Supertea, R&B Tea to the Philippines

A “co-branding” strategy will be utilised in the first year of business.

Starbucks India adds a step forward in coffee giant's gender diversity push

The chain recently opened two stores operated entirely by women.

Koufu Group posts 82% decline in H1 profits

It expects to remain profitable in the next 12 months.

McDonald's China going ahead with 400 restaurant openings this year

The fast food giant also has plans to reduce their stake in their Japan business.

Starbucks China's mobile ordering feature to join four Alibaba apps

The move expects to reach up to nearly one billion users.

Pepper Lunch to be acquired by investment fund J-Star for US$79m

Collectively, the business has 514 restaurants in its portfolio.

Marugame Udon sets sights on London as start of European expansion

The restaurant chain is expected to enter the city by early 2021.